FOMO

FOMO means Fear Of Missing Out.

Price suddenly moves.

You weren’t in the trade.

You think:

“It’s going without me.”

You enter late.

Price reverses.

This is a common beginner cycle.

Fear

Fear can cause traders to:

• Exit too early
• Avoid valid setups
• Move stops
• Reduce winners
• Hesitate

Greed

Greed can cause:

• Oversized positions
• Taking too many trades
• Refusing to take profit
• Moving targets unrealistically
• Increasing risk after wins

The Solution

You don’t eliminate emotions.

You create rules that prevent emotions from controlling your actions.

Your plan should tell you:

• When to enter
• When not to enter
• How much to risk
• When to stop
• How to manage positions